City Council Agenda Report
Meeting Date: April 2, 2024
From: Yonnie Parker, Deputy City Clerk
Department: City Clerk
Submitted by: Sandra Dolson, Administrative Secretary
Subject
Warehouse Development Agreement for 5764 Alcoa Avenue
Recommendation
Conduct second reading and adopt Ordinance No. 1299 approving Warehouse Development Agreement No. WH-001 for Assessor Parcel Numbers 6310-005-003, 6310-005-004, 6310-005- 009, and 6310-005-010 between the City of Vernon and GPT Vernon Owner, LP.
Background
At the March 19, 2024 Regular City Council Meeting, the City Council introduced and conducted first reading of Ordinance No. 1299, which approves a Warehouse Development Agreement that allows GPT Vernon Owner, LP to remove existing warehouse buildings and associated structures totaling 145,950 square feet on a 7.12-acre (310, 147 square feet) lot, and replace them with a single 153,000 square foot warehouse building.
Summary of the Ordinance was posted on the City’s website on March 19, 2024, and published on March 28, 2024, pursuant to legal requirements.
Fiscal Impact
The fiscal impact of publishing the ordinance is estimated at $100. Sufficient funds are available in the General Fund, City Clerk Department, Advertisement/Promotion Account No. 011-010-125-525000 for the current fiscal year.
Attachments
1. Ordinance No. 1299